Home > Economy > China

China

Hermes beats forecasts on robust growth in China, U.S.

Birkin bagmaker Hermes said that wealthy Chinese clients snapped up its products in the fourth quarter even as the rest of the luxury sector took a hit from rising COVID infections, helping it beat sales and margin forecasts.

China's Baidu says developing AI chatbot

Chinese search engine giant Baidu on Tuesday said it was developing an AI-powered chatbot, as tech giants rush to match the success of ChatGPT, a hugely popular language app that has sparked a gold rush in artificial intelligence technology.

European shares gain on China's reopening optimism

European shares climbed on Friday, as optimistic investors gauged the potential impact of a week-long Lunar New Year holidays after China lifted its COVID-19 curbs, even as concerns over global economic slowdown continued to sap sentiment.

The changing world order: the actions of several countries have the potential to affect the global order

The actions and potential implications of several countries, including Russia, North Korea, China, and Iran indicates that change is occurring in these countries and their actions have the potential to affect the global order. The US has the power and capability to assist and influence events in these countries, but should do so in a way that avoids being perceived as meddling. The US should work to deter expansionist behavior by China in the Indo-Pacific region and to calm tensions with North Korea.

Richemont, Burberry optimistic about China luxury sales

Luxury retailers Richemont and Burberry said they were optimistic that consumers in China would start spending again, helping offset three years of upheaval from the government's strict COVID-19 lockdowns and soaring infections.

Stock markets extend gains on Fed hopes, China

Major stock markets mostly climbed Monday and oil prices rallied, building on optimism generated by China's Covid reopening and hopes the Federal Reserve will slow its pace of interest rate hikes.